Sinopec's first half billion cubic shale gas target is over petrochina
Sinopec's first half billion cubic shale gas target is over petrochina
On March 24, China petroleum and chemical co., LTD., released 2013 annual report, have high hopes for the development of shale gas, says 2014 will "fuling shale gas production capacity construction is precisely organized as well, and promote the shale gas leap-forward development".
In November 2013, sinopec from fuling shale gas production capacity construction demonstration area for the first time the quantity of the commercial scale test borehole exploration shale gas, which made it clear that before 2015, completed 4 billion cubic meters of shale gas production, which are sold for 3 billion cubic meters.
In February, sinopec submitted to the national reserve board of China's first shale gas reservoir in the eastern sichuan province. In march, sinopec and the chongqing municipal government signed the "about fuling shale gas development and utilization of strategic cooperation agreement, the two sides will in shale gas exploration, development, utilization, and to strengthen cooperation in such fields as the gas distribution system construction, and strive to to the end of 2015 in fuling form 5 billion cubic meters/shale gas capacity, further to build chongqing into a shale gas development and utilization of the highlands.
Sinopec, which has raised its annual production target by 25 per cent in just four months, should be more optimistic.
Very value this cooperation, the chongqing municipal government said it would further intensify shale gas exploration and development, increase the intensity of pipeline and other supporting infrastructure, increase the intensity of commercialization and industrialization of in situ, to promote chongqing build long-term energy security system, to develop new industries, and strive to build a new important base of energy development and utilization.
China national petroleum corporation, which reported its annual report on March 21, has lost the momentum by not making a clear target for shale gas development. Petrochina said the company will adhere to give top priority to resource strategy in 2014, based on the seven big basin, to concentrate on key areas of risk exploration, continue to push forward dense oil exploration, attempt to obtain scale found and a new strategy to succeed.
At present, China's shale gas production capacity is mainly concentrated in sichuan changning - weiyuan, yunnan zhaotong, and the three blocks of fushun yongchuan, which are working with shell oil. Petrochina plans to complete 20-3 billion cubic billion cubic meters of shale gas production in changning - weiyuan and zhaotong in yunnan province by 2015, with a commercial capacity of 1.5 billion cubic meters.
It can be seen that the total output and commodity targets of sinopec plan exceed petrochina. The personage inside course of study thinks, the upstream exploration has been a short board, sinopec and shale gas field is with petrochina in the same starting line, sinopec need seize the new opportunities, expand unconventional resources share.
According to China's "12th five-year plan" for shale gas, China's shale gas production will reach 6.5 billion cubic meters in 2015, but only about 200 million shale gas production in 2013.
The industry said the shale gas has not yet entered a stage of large-scale commercial development, and it is difficult to determine whether 6.5 billion yuan can be achieved so far, and it will be difficult to predict the exploration in the first half of 2014.
However, according to the ministry of land and resources, China's shale-gas extraction will enter a stage of rapid development in 2020, with annual production expected to reach more than 100 billion cubic meters and become an important pillar of national energy. The future exploration of shale gas resources in China is expected to continue to increase, which will benefit the exploration and mining equipment manufacturers.
For now, global shale-gas equipment companies are eyeing the Chinese market. On March 19, the world's largest oil show - the 14th China international petroleum and petrochemical technology and equipment exhibition in Beijing the opening, baker hughes, snow, drill, caterpillar and other international giant launched drill, fracturing the, downhole equipment, power equipment, such as shale gas exploration and development of new equipment, to the greatest possible for Chinese customers.
